Short Interest in WYNN
Wynn Resorts, Ltd. (WYNN) is currently seeing a short interest of 9.0 million shares. The days-to-cover ratio is 5.2, indicating a moderate level of short positioning. The borrow fee is currently 0.4%, which is quite low, suggesting that there is ample supply of shares available for lending, and the cost to maintain a short position is minimal.
Market Context
Despite the 9.0 million shares shorted, the low borrow fee suggests that the market does not view WYNN as a 'hard to borrow' stock. The company has seen a reduction in shares outstanding by 8% over the last two years, which could be a factor in the stock's price dynamics. As a major player in the hospitality and casino sector, WYNN's short interest is often influenced by macroeconomic factors and travel trends.
Key Takeaways
- Short interest is 9.0 million shares.
- Days-to-cover ratio is 5.2.
- Borrow fee is currently 0.4%.
- Shares outstanding have decreased by 8% in the last two years.
The Bottom Line
WYNN's short interest is significant but not extreme. The low borrow fee indicates that the stock is easily accessible for short sellers, and there are no immediate signs of a squeeze.
Signal data sourced from CurvedTrading. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.